Empirical Finance LLC Lowers Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Empirical Finance LLC lowered its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 25.1% during the 2nd quarter, Holdings Channel reports. The firm owned 126,166 shares of the transportation company’s stock after selling 42,177 shares during the quarter. Empirical Finance LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $14,268,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $11,038,000. Militia Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $9,732,000. Empowered Funds LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after buying an additional 68,212 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after buying an additional 39,581 shares during the period. Finally, Voleon Capital Management LP purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at $3,757,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Stock Down 0.4%

Shares of NASDAQ OMAB traded down $0.42 during mid-day trading on Tuesday, reaching $99.30. 93,791 shares of the company were exchanged, compared to its average volume of 84,961. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1 year low of $95.69 and a 1 year high of $134.99. The firm has a 50-day moving average of $105.76 and a 200 day moving average of $108.99. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. The company had revenue of $255.27 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. On average, research analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on OMAB. Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $134.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.